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Bank Report The First Security Bank system made 83,969 individual loans totaling total-ing $300,862,000, during the first three quarters of this year, it was announced on Wednesday by C. G. White and B. W. Vincent, managers, man-agers, First Security Bank at Sugar House. "Of these loans, 2,145 were new real estate mortgage loans; 49,400 were Timeway loans for the pur-(Continued pur-(Continued on Page 7) ; First Security (Continued from Page 1) ' chase of automobiles, home appliances, appli-ances, for modernization and for personal needs; and 32,424 were loans to business, industry and agriculture," ag-riculture," Mr. Vincent said. He explained that these figures were contained in a summary of First Security activities for the first nine months of 1956 compiled by the banks system's head office. Capital and surplus of First Security Banks have increased $2,819,000 during the year, bringing bring-ing the total of capital accounts to $25 million. At a meeting of First Security Corporation directors last week, a semi-annual dividend of 75 cents a share was voted, payable December 10 on stock of record December 1. The dividend brings the corporation's corpora-tion's total dividend for the year to $1.50 a share. At the meeting, George S. Eccles, president, said: "The Federal Fed-eral Reserve has done a very satisfactory satis-factory job in handling the monetary mone-tary problem. Action of the Reserve Re-serve system, while necessarily resulting re-sulting in increased cost of money, has curtailed the growth of inflation infla-tion insofar as monetary policy can do so. The business of the nation is riding at an all-time high, and prospects are that this condition will continue for some time, regardless re-gardless of the outcome of the election. elec-tion. Although funds should be available to finance the economy, the cost of money will become higher, and may require the selective selec-tive allocation of credit by the banking system."